Oops! It appears that you have disabled your Javascript. In order for you to see this page as it is meant to appear, we ask that you please re-enable your Javascript!
Flash Reports

Hungary October. Vehicles market back on track

Hungarian Vehicles Market Suzuki-Vitara-2019

Hungarian Vehicles Market turned immediately up in October after the temporary fall reported in the previous month due to WLTP regulation. The year to date figures are at 115.510 (+24.2%) and full year is projected at 145.228 sales (+20%)

Economic Environment

Hungarian’s economy solid growth appears to have carried over into the third quarter, following an outstanding performance in the second quarter which was underpinned by surging private consumption and fixed investment. Despite the increase in inflation, retail sales growth was strong in July–August, suggesting consumer spending—although cooling somewhat—remained in the driver’s seat. Moreover, the continued front-loading of EU funds was likely behind the strengthening of the industrial sector and, coupled with highly favorable financing conditions and sustained business confidence, contributed to the surge in construction output in the first two months of Q3.

On a less positive note, there was a sizable widening in the general government’s budget deficit in the first nine months of the year due to strong spending on EU co-funded projects. Furthermore, in July–August the external environment seemingly remained unsupportive, extending Q2’s dynamics, as imports growth outpaced that of exports.

Market Trend

Hungarian vehicles market was heavily hit by the 2008 crisis losing 75% of volumes. However, in the recent years a strong recovery allowed the light vehicles market to double sales from the 63.931 in the 2012 to 136.208 in the 2017, albeit light commercial vehicles declined last year for the end of fiscal stimulus.

In the 2018 the market is keeping the impressive run. Indeed, according to data released by the MGSZ, the Hungarian Associations of Car Manufacturers, starting with huge sales increase in the Q1 with 31.606 units (+29.8%), the year followed by Q2 at 39.119 (+28.5%) and Q3 at 33.862 (+21.6%).

October opened the Q4 with sales at 10.923 (+5.4%) and year to date figures at 115.510 (+24.2%). The full year projection at 145.228 sales (+19.9%).

Market Sales October ‘+/- Oct Sales YTD 2018 +/- YTD 2018 Sales 2018 est +/- 2018
Car 10.923 5,4% 115.510 24,2% 145.228 19,9%

Competitive Arena

At brand-wise, Suzuki reinforced the leadership selling 16.383 sales year to date (+33.1%).

In second place Ford with 11.515 sales (+25.4%) followed by Skoda with 10.329 (+30.8%), Opel with 9.345 (+12.7%), Volkswagen with 8.991 (+36%)  and Toyota with 8.955 (+31.8%). 

At model wise, the leader was again the local made Suzuki Vitara with 9.674 sales (+35.7%) and a wide gap over the second, the Skoda Octavia with 5.488 (+29.1%) and Suzuki SX4 Cross with 3.936 (+49.7%).

Worldwide Harmonised Light Vehicle Test Procedure (WLTP)

The European Union has therefore developed a new test, called the Worldwide Harmonised Light Vehicle Test Procedure (WLTP).

The WLTP driving cycle is a test defined by the European Union defining new standard for vehicles with focus on CO2 emission and fuel consumptions. The test is divided into four parts with different average speeds: low, medium, high and extra high. Each part contains a variety of driving phases, stops, acceleration and braking phases.

For a certain car type, each powertrain configuration is tested with WLTP for the car’s lightest (most economical) and heaviest (least economical) version. WLTP was developed with the aim of being used as a global test cycle across different world regions, so pollutant and CO2 emissions as well as fuel consumption values would be comparable worldwide. However, while the WLTP has a common global ‘core’, the European Union and other regions will apply the test in different ways depending on their road traffic laws and needs.

WLTP will apply to all new car registrations from September 2018 when vehicles below the minimum index would not be registered within the European Union territory.

Research, Consulting, Data & Forecast

F2M covers intensively this market with several products developed to help any investigation required. Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2025. AutoData in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.  See details within Hungarian Corner Store

Rank 2018 Rank 2017 Brand Sales October ‘+/- Oct Sales YTD 2018 +/- YTD 2018 Sales 2018 est +/- 2018
1 1 Suzuki 1.478 -4,2% 16.383 33,1% 20.322 25,4%
2 2 Ford 1.279 8,4% 11.515 25,4% 14.381 20,9%
3 4 Skoda 984 12,1% 10.329 30,8% 13.717 23,3%
4 3 Opel 699 -25,2% 9.345 12,7% 11.620 12,3%
5 6 Volkswagen 523 -44,6% 8.991 36,0% 11.505 25,7%
6 5 Toyota 1.095 41,8% 8.955 31,8% 10.689 23,9%
7 7 Dacia 726 42,9% 6.312 12,0% 8.562 14,4%
8 8 Renault 310 -19,7% 5.288 31,9% 7.503 24,2%
9 9 Kia 440 20,9% 4.639 22,8% 5.505 18,1%
10 10 Nissan 452 34,5% 4.334 24,0% 5.295 19,6%

Rank 2018 Rank 2017 Model Sales October ‘+/- Oct Sales YTD 2018 ‘+/- YTD 2018
1 1 Suzuki Vitara 829 -1,7% 9.674 35,7%
2 2 Skoda Octavia 545 27,0% 5.488 29,1%
3 4 Suzuki SX4 S-Cross 524 27,5% 3.936 49,7%
4 5 Ford Focus 274 -4,5% 3.094 22,7%
5 3 Dacia Duster 415 25,8% 2.905 -2,8%
6 7 Ford Kuga 289 -9,7% 2.635 33,8%
7 10 Nissan Qashqai 248 18,1% 2.316 38,5%
8 9 Renault Clio 213 -40,2% 2.204 30,1%
9 14 Volkswagen Golf 214 0,0% 1.884 30,3%
10 16 Opel Astra J 110 0,0% 1.810 40,5%

(1419)